Black Friday vs. Cyber Monday, which one will help you meet your holiday shopping savings goals?
Not very long ago, Black Friday was THE day to shop. But, as we gravitated more and more to online shopping, Cyber Monday became a real contender in the holiday shopping arena.
In truth, if you shop smart, you will meet your savings goals on both days. Some items such as new, big-ticket items are marked down more on Black Friday. Cyber Monday offers better deals on tech products and smaller gift items.
Black Friday vs. Cyber Monday
Which is the best day, Black Friday or Cyber Monday? The answer depends on you.
Do you hate crowds? Cyber Monday is your day. Does the experience of all-night lines and massive crowds get you in the mood for the holidays? Black Friday is your day.
The days are not mutually exclusive…you can do both! Keep an eye out for the Black Friday and Cyber Monday ads. Make a note of where the best discounts will be for the products you want.
Beware of the FOMO Factor
Adobe Analytics’ Holiday Forecast 2019 report predicts that Cyber Monday sales will reach $9.4 billion, $1.5 billion more than last year. Black Friday is expected to earn retailers roughly $7.5 billion, making Cyber Monday the winner according to Adobe projections. The report also says that 30% of all sales on Cyber Monday will take place between the hours of 7 to 11 p.m. Pacific time. According to Adobe, this is due to FOMO (fear of missing out). This means that as you sit at home or wherever you might be and you start seeing stories about Cyber Monday savings, especially on your social media channels, and you might start shopping online even if you don’t really need anything.
Planning and Preparedness Are Key
In the Black Friday vs Cyber Monday knockout round, one factor is consistent: you need a plan. Make a list of all the purchases you need to make. Keep your list and your shopping budget with you at all times. All the things we talked about previously are going to be the keys to a debt-free holiday shopping season, no matter whether you are at the mall or in your living room.
Black Friday is November 29, 2019
Black Friday has historically been the official start of the Christmas shopping season. You must be strategic. Don’t leave home without your shopping list. It can be easy to get lost in the excitement and become distracted by time-limited markdowns.
Be sure to sign up for emails and message alerts from your favorite retailers. Even if you’re not shopping online, these digital tools can help you save money and be informed about exclusive offers. For instance, some retailers will have specials each hour, for a limited time only.
Use your digital apps, such as RetailMeNot and eBates to help you maximize your savings even while you’re in the shopping mall. It’s the best way to do rapid price comparisons so you don’t miss out on the product because others have already snatched it up.
A big factor in the Black Friday vs Cyber Monday decision is that on Black Friday you can try on clothes, feel the products, and enjoy an up-close look at any item before you buy it.
Black Friday Deals
There are some exclusive deals on Black Friday that you will not find on Cyber Monday. Big-ticket items, such as game consoles, TVs, barbecue grills and large appliances are marked down more on Black Friday. When your budget is tight, it is important to be sure to first shop for the gifts you want to give and then take advantage of the discounts on those large items you have been waiting for.
Cyber Monday is December 2, 2019
In America, Cyber Monday has trumped Black Friday. Major retailers such as Walmart, Target, Best Buy, Costco and others are online. In some cases, the discounts will be steeper than what they offer in the store on Black Friday. Even apparel retailers such as Macy’s offer significant discounts on clothing, audio, and smart home devices.
Cyber Monday is the day to find great deals on new, smaller electronics, and high-tech technologies, such as laptops, drones, tech toys, Echo devices, and smart home products. Its also a great day for finding bargains on clothing, health care, and lifestyle products. Do you need to buy small presents or stocking stuffers? You’ll find them on Cyber Monday.
Bottom line: The Black Friday vs. Cyber Monday battle is a huge savings opportunity for you.